QNH has successfully been acquired by Egeria

QNH has successfully been acquired by Egeria, a Dutch private equity fund. QNH will combine forces with Egeria's portfolio company Ilionx, creating a large ICT service provider with over 800 employees and revenues of US$125 million that can serve customers with a wide range of services. With a complementary service offering, both in services and markets, QNH/Ilionx foresees to further increase its combined market share.

QNH provides IT consultancy services and sells software and mobile applications such as Office 365, Intune and AirWatch. In addition, the company implements and manages IT structures within businesses, in the areas of business analytics, cloud solutions, collaboration, enterprise mobility and digital experience. QNH helps organizations to adjust and improve their business operations through the use of smart IT solutions. QNH's services focus on optimizing the provision of information, underlying IT architectures and mobile applications. The company connects new technologies with existing ones and is responsible for advice, development, implementation and management. QNH’s clients include Benelux-based municipalities and companies active in the finance, services, telecom, utility, retail and healthcare segments.

Egeria is a fully independent Dutch private equity firm targeting controlling stakes in healthy, well-led mid-market companies in the Netherlands or in companies having a Dutch link.

Oaklins' team in the Netherlands acted as the exclusive M&A advisor to the shareholders of Q24 Beheer, the holding company of QNH. A member of the team said: “We are excited to have supported QNH in realizing this important step towards its next phase of accelerated growth. We foresee an ongoing and increasing consolidation in the IT services landscape. Platforms like QNH/ilionx provide the right DNA and an interesting home for target companies that envisage to capture the momentum in the market.”